Hey All - Just putting this out there for the sake of DPs - tho these are, sadly, a bit unclear.
My reports had several aging instances today, 2/1, and i gained several points on all 3 FICO 8s.
Jan. 31st → Feb. 1st
EX: 763 → 771 (+8)
EQ: 742 → 758 (+16)
TU: 757 → 773 (+23)
AAoA (Primary accounts only) hit 3 years.
AAoA (Including AU) hit 3.3 years.
AoOA (Installment, Primary) hit 7 years.
AoOA (Revolver, AU) hit 9 years.
AoYRA (2 Revolvers, Primary) hit 1 year.
AoYA (Installment, Primary) hit 10 mos.
No inquiries became unscoreable.
No changes to util nor updates to any accounts occurred. Current util is ~8% (I already lost 4-8 points across the board for 1% → 8% last week)
8 Open Revolvers (7 primary, 1 AU); 1 Closed Revolver.
14 Open installment loans (13 student, 1 Personal);
Clean Reports. All three reports have the same data with the exception of my AU which does not report to TU.
I don't recall seeing many DPs for an AAoA hitting 3 years resulting in a score increase - but I guess it's a possibility; or/but perhaps AoYRA (age of youngest revolving account) aging to 1 year. I still have a PL under a year old (10 mos.) so overall AoYA has not reached a known threshold. Is 'youngest account' for installments and revolvers one and the same? Or are they treated differently?
I'm just happy for the movement but also curious so open to hearing any thoughts/answering any Qs.
AOYA for FICO 8 seems to specifically be revolvers actually with several people's data including my own from last year: score didn't move opening two installment loans then got whacked for 25-30 points a few months later when a revolver reported. Oddly enough the various and much maligned simulators have always gotten this right for me historically but I didn't have good datapoints for both installment loans and revolvers previously, always had them conflated before.
And yeah, AOYRA (for lack of a better acronym) 1 year is a breakpoint for FICO 8. Where it gets interesting is for some scorecards there may be smaller increments like the new file scorecards. Also it may still be that in the older algorithms too but there may be other breakpoints. It's still not a thing, at all, in derogatory scorecards to the best of my knowledge. This will also probably change in FICO 10, guessing personal loans will reset AOYA now too.
I explicitly did not get points for AAOA = 3 years, but I'm pretty sure I was still working primarily off EQ FICO 5 back then rather than the more modern FICO 8.
@Revelate wrote:AOYA for FICO 8 seems to specifically be revolvers actually with several people's data including my own from last year: score didn't move opening two installment loans then got whacked for 25-30 points a few months later when a revolver reported. Oddly enough the various and much maligned simulators have always gotten this right for me historically but I didn't have good datapoints for both installment loans and revolvers previously, always had them conflated before.
And yeah, AOYRA (for lack of a better acronym) 1 year is a breakpoint for FICO 8. Where it gets interesting is for some scorecards there may be smaller increments like the new file scorecards. Also it may still be that in the older algorithms too but there may be other breakpoints. It's still not a thing, at all, in derogatory scorecards to the best of my knowledge. This will also probably change in FICO 10, guessing personal loans will reset AOYA now too.
I explicitly did not get points for AAOA = 3 years, but I'm pretty sure I was still working primarily off EQ FICO 5 back then rather than the more modern FICO 8.
Fantastic insight - thank you very much!
@Anonymous wrote:
@thornbackRead this:
https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/AoYA-penalty-Clean-aged-thick/td-p/5722375
Thanks for the input. Interesting stuff. This is my first time experiencing the AoYRA thing as the last time my new revolvers reached their 1 year mark, I was on a dirty scorecard.
I also had gains on FICO 9 -- but cannot determine exactly how much since I have scores from 1/11 and again from 2/1 -- I'm pretty sure my increased util reporting on 1/25 likely dropped them a bit so I cannot say for sure how much they increased on 2/1.
FICO 9s
Jan 11th → Feb. 1st
EX: 774 → 786 (+12)
EQ: 776 → 776 (+0) ← assuming my EQ FICO 9 dropped significantly from increased util (as usual) and then gained some points on 2/1, breaking even.
TU: 766 → 776 (+10)
And I didn't actively track the movement of my older FICO versions - I could go back and look at that too but I will have to do that later - if I see anything significant, I'll update here.
@Anonymous wrote:
@thornbackYeah, its only a segmentation factor on clean profiles. That's why you can open new accounts with impunity in a dirty card without effect unless you cross a AAoA breakpoint.
Well to be specific I think it might be a segmentation factor on FICO 9 even on dirty scorecards. I see the same reason codes in FICO 9 on TU (60D) as I do on FICO 8 and lower on EQ/EX (top 8 of some flavor).
FICO 9 reason codes for TU from my Jan 1 pull this year, #4 is the one specific to pretty(ish) scorecards in the earlier versions.
